I received so many questions and comments on my last article about college visits that I wanted to follow up on a couple of items: Why should you make visits a priority and how can you visit a number of schools. The first point I’d make is this: It doesn’t matter which schools you visit. You will learn something that will inform your college selection process Continue reading College Visits Whys & Hows
Here’s a photo that pretty much sums up what I would turn in if I got that assignment:
My daughter and I recently spent about a week visiting colleges. She’s a rising senior and interested in “away.” So off we went. (Sometimes lately I debate with myself about this Continue reading What I Did This Summer
Ever wonder why your student is bombarded with not just college information but invitations to high-priced “leadership” camps or “honor societies” or test prep and college counseling services? This article explains what the College Board, the ACT, and other organizations– including colleges who buy the data– do with your student’s info if they complete the voluntary surveys.
As the article points out, these surveys are voluntary, but that point may be lost on 16-year-old first-time test takers who are focused on the exams.
Lately it feels like the Interwebs are loaded with stories about “perfect” kids—4.3+ GPAs, 1400+ SATs—not getting into their first choice schools. Kids are being told that getting into a “good college” is the “best path” to a “good life” so they work hard, hit all the marks they’re supposed to, and then get shut down in the college admissions process. (Scare quotes are deliberate there.) Going into a four-day trip chaperoning the high Continue reading A little off topic today
As May 1 approaches, undecided students or those disappointed not to have received an admissions offer from their top choice should take a look at the 2018 Rhodes Scholar winners. The diversity of educational institutions represented in the list speaks volumes about the range of universities that can prepare students to excel in a variety of areas. While elite schools are of course well-represented, the winners come from a variety of institutions including public, private and military. The accompanying press release highlights four students chosen from colleges who had never before had a Rhodes Scholar: Hunter College, CUNY; Temple University; the University of Alaska Anchorage; and the University of Maryland, Baltimore County.
A recent survey by T Rowe Price seems to indicate that that is the case. The 2017 Parents, Kids & Money Survey, a national sample of parents of 8- to 14-year-olds, showed stronger financial support for college among families with all boys than families with all girls. Specifically: Continue reading Do Parents Support Boys’ College More than Girls’?
From time to time, another fee-only advisor writes a post for my blog. This is from Warren Ward of WWA Planning & Investments. I hope you enjoy a new perspective!
Josiah Wedgewood founded his eponymous china company in 1759. He used a range of clever marketing strategies to promote his china across the Western world and among them was today’s title, a selling technique still in common use. These days, such a guarantee is almost assumed as retailers struggle to defend market share. As soon as one Continue reading “And, It Comes With a Money Back Guarantee”
On Wednesday the Fed raised short-term interest rates by 0.25%, with additional rate hikes expected over the course of the year. What does this mean for student loans? Several things.
First, federal student loans have fixed interest rates; those rates are fixed at the time of Continue reading Rising Interest Rates and Student Loans
Do you need to report 1099 q income on your tax return? As long as none of the distribution is taxable (i.e., you have qualifying expenses to offset it), NO, you do not have to report it.
However, you should keep records of your qualified expenses. That’s especially true if the Continue reading Tax Time Reporting: 1099 Q
This is a question for the parents, not the students. For better or, often, for worse, parents can borrow the entire cost of college through parent PLUS loans. And for multiple children. If the lenders won’t cap what you can borrow, then it’s up to you to make good Continue reading How Much Can You Borrow for College?